M & A wrap: Deal trouble at Olympus

Olympus Corp head Tsuyoshi Kikukawa resigned after a scandal over hefty advisory fees wiped out half of the 92-year-old firm’s market value, but his successor stuck with the company’s line that it had done nothing wrong.

Regulators are considering easing a proposed rule so that fewer hedge fund advisers would have to hand over troves of confidential data to the government, according to people familiar with the deliberations.

“Perhaps it is not Occupy Wall Street that the banks should fear, but their latest frothy financial product,” the NYT’s Deal Professor writes. Is the banking sector ripe for spinofffs?